Whether you’re a sole proprietor or a corporate executive, you want a bank that works as hard as you do. At 1st Mariner Bank, we understand that each business has specific, unique banking needs. We’ve designed products and services for companies of every size. All 1st Mariner Bank deposits and checking plans are insured, up to allowable limits, by the Federal Deposit Insurance Corporation (FDIC).
At 1st Mariner, we’ve built a bank that stays ahead of the competition—just like your business. Let us serve you . We’re committed to helping your company to succeed.
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Business 50
Checking
|
Business 200
Checking
|
Business 300
Checking
|
Commercial
Checking
|
Monthly Service
Charge |
None
|
None
(For average monthly
balances of
$3,500 or greater)
|
None
(For minimum daily
balances of
$10,000 or greater)
|
Account analysis
applies
|
Transaction
Limits |
50
|
200
|
300
|
Unlimited
|
Per
Transaction
Fees |
60 cents per item, in excess of transaction limits
|
50 cents per item, in excess of transaction limits
|
35 cents per item, in excess of transaction limits
|
Account analysis applies, earnings
credits may offset
fees.
|
| 1st Online |
Avaliable, Not included
|
Yes,
View only of 1 account
|
Yes,
Full basic service
|
|
Minimum balance to
avoid service
charge |
$0
|
$3,500 Average monthly balance
|
$10,000 Minimum daily balance
|
Account
analysis
applies
|
Business 1st
Business 1st consists of three packages available to business owners who expect more from their bank. With Business 1st, you, your company and your employees receive a suite of additional financial services and benefits. Click the links below for package details.
Typically, a “small business” is a company with less than 100 employees. At 1st Mariner Bank, we realize that true small businesses have different requirements than their larger counterparts. Business 50 is a “no minimum balance” account, built for sole proprietorships and other small businesses that experience lower transaction volumes.
- No monthly service charge
- No minimum balance required
- The first 50 items per month are FREE
- Easy-to-read monthly statement provided
Business 200 Checking
Many companies experience a moderate volume of transactions each month, but do not consistently maintain a high balance in their accounts. Our Business 200 checking account gives you the flexibility that you need, allowing you to combine transactions to save money.
- No monthly service fee for average monthly balances of $3,500 or greater
- First 200 items per month are FREE
- Easy-to-read monthly statement
- 1st Online “view-only” feature included
Business 300 Checking
For companies with moderate-to-high transactional volumes and higher month-to-month balances, Business 300 Checking offers the first 300 items at no charge. This includes checks, deposit items or deposited tickets. For businesses maintaining more substantial balances, Business 300 clients can take advantage of our repurchase agreement overnight investment sweep product.**
- No monthly service fee for daily balances of $10,000 or greater
- The first 300 items per month are FREE
- 1st Online service included
- Option to add a repurchase agreement overnight investment sweep product
** See 1st Mariner's Business Schedule of Charges for any application charge.
Commercial Checking
If your business is active and generates high transaction volumes and substantial balances, you could find yourself paying significant monthly fees, despite the higher balance you maintain. With our commercial checking account, that higher balance can work for you in the form of earnings credits which reduce your monthly transaction fees.
- Receive an earnings credit based on market rates on monthly average balances. (The higher your company's balance, the more credit earned to reduce monthly activity fees.)
- Receive an easy-to-read month-end statement detailing the activity in your account.
Business Interest Checking
If you are a nonprofit or charitable organization, a sole proprietor or a government entity, you are eligible for interest checking. Federal regulations prohibit us from offering interest checking to corporations. At 1st Mariner Bank, we believe the success of any organization is dependent upon a strong foundation.
The benefits associated with 1st Mariner's Business Interest Checking Account enable you to keep your money working so you can maximize your profitability:
- Receive interest on your daily ledger balances.
- Interest earned on balances of $2,500 or more.
- Interest rates are tiered, so you can earn more with higher balances:
- No monthly service fee for balances over $3,500
- Easy-to-read monthly statement
IOLTA (Interest on Lawyers' Trust Accounts)
Designed to meet the special needs of lawyers and law firms, IOLTAs allow clients' short-term or small-dollar escrow funds to be deposited in an interest-bearing checking account. 1st Mariner Bank then forwards interest earned on this account to the Maryland Legal Services Corporation for use in public interest projects such as legal services for the poor.
MAHTA (Maryland Affordable Housing Trust Account)
This account is for title insurers, agents, and approved attorneys in the state of Maryland who are required by Maryland state law to invest certain funds they hold in interest-bearing accounts. Interest earned on this account is then forwarded by 1st Mariner Bank to the Maryland Affordable Housing Trust for use in public service projects.
| *Interest earned on this account is then forwarded by 1st Mariner Bank to the Maryland Legal Services Corporation. |
| **Interest earned on this account is then forwarded by 1st Mariner Bank to the Maryland Affordable Housing Trust. |
Business Schedule of Charges